Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1887-06-08
Inward Tendency in Land
values.

The wonderful march OF improve
ment which has characterized this
sec ton of the State in the past few
years has attracted the attention OF
the people of the Eastern States to
such degree that the TRANSPORTATION
facilities of the through roads Will be
taxed to their utmost next fall and
winter to bring to Los Angeles the
great numbers who have signifed
their intention of coming here. One
popular excursion agency has given
out seventy-fve thousand as the
number they have booked. Others
are beseiged in New York, Boston
and Chicago by applicants for pas
sage. The fact is, the tidings OF
gre at fortunes made here suddenly
fir ON the Use in land values have
whetted the appetites of the vast
n lumber OF men of capital at the East
who do not know where TO invest
their money to advantage. Chances
for the profitable placement OF monev
in the Atlantic States are few and
far between. Where interest is high,
the security is doubtful and where
the security is good the in
tere,t is low. These people
will naturally want to participate in
the golden opportunities offered by
this section for investment. They
will come in large numbers, and the
effect of competition for inviting spec
ulations will inevitably send values
up much higher than they are now.
The values OF a year ago, which
seemed high then, would be consid-
cred ridiculously low now; and so
with the three preceding years. The
tendency has been steadily upward,
and the highest notch may not be
reached for several years yet. Not
only rich men who wish to speculate
and grow richer will come here in
crowds, but our matchless climate
will continue to attract for permanent
resid ence the wealthy valetudinarians
of the old States. Southern Califor-
mia is now recognized as the most
efficacious sanitarium on the conti-
nent. Its climate is admitted to be
superior to that OF the boosted health
resorts of Europe. Mentone, Nice,
and all the other places in the South
of France, popular with invalids, are
admitted to not possess the sanitary
advantages OF this section of Califor-
mia. Our situation and climate act
upon those who suffer from "the ills
that flesh is heir to- like that celes-
tial fruit which Massinger des-
cribes as brought from Para
disc by shining angels to re-
store to pristine health all who
partake of it. For all time homes
will be in demand here by suffering
humanity from abroad, and this fact
will add value to our lands which
no mere adventitious fluctuations can
unfavorably affect. We may expert
ence temporary revulsiops, as all
places have experienced them, but
the real estate and outside land
values OF to-day will be looked upon
years hence as wonderfully low.
Everything favors their steady up
ward march. The crowds that are
ready to flock here with capital will
force them up; the sanitary advan-
tages of our climate and situation.
will help to accelerate them; the ac-
tual productive possibilities OF our
lands will make them desirable at
prices up to a much higher figure
than they sell for now; and the fact
that great wealth is centered here,
and that it will always be to the in
terest OF our capitalists to keep our
section from going back in values,
will give permanency and stability to
the prosperity which now makes our
section the center of attractive inter-
est to the people OF the whole coun-
try.